Posts by Holly Hanes
How Life Insurance Shopping Has Changed During The Pandemic
Article by Amy Danise Forbes Editor The pandemic got a lot of people thinking about how to increase the financial security of their families, now and in the future. And life insurance moved to the top of many to-do lists. A survey conducted in May and June 2020 by Life Happens, an industry-funded education group, found that…
Read MoreHow Can Guarantees Help You in Your Retirement Plan?
Annuities can bring more stability and certainty to a retirement portfolio. But how do you know you are getting a good deal for your money? The biggest advantage that annuities can give for your retirement is their guarantees. Or in other words, the contractual assurances that the contract-issuing insurance company promises to provide you. For…
Read MoreHow Can the Covid-19 Pandemic Financially Affect Retirees?
The novel coronavirus pandemic has impacted all of us in some way. Almost overnight, the U.S. was hit hard with record unemployment. Many household incomes have been abruptly shut off. Several industries have slowed down to a crawl or else been shut off. Millions of former workers have been forced to dip into their savings accounts in…
Read MoreWhat Does an Annuity Protect the Contract Owner Against?
Many people buy annuities for protection. But what kinds of protection can they provide? The answer depends in large part on the kind of annuity you own. At the very least, all annuities can protect you against the financial risk of running out of money in retirement. Annuities counter this hazard by paying you a…
Read MoreYour Retirement May See These Major Changes, Thanks to the Coronavirus Economic Relief Bill
Recently, Congress passed and President Trump signed into law the “CARES Act.” Among policymakers, the bill is known more formally as the Coronavirus Aid, Relief, and Economic Security Act. Much of the law is aimed at providing economic relief for businesses, but some parts of the act changed IRA and retirement-plan provisions. The bottom-line of…
Read MoreHow Might the 2020 Presidential Election Affect the Markets? Retirement Investors Weigh In
“How is politics going to affect my retirement?” It’s a question that is on many retirement savers’ minds, especially as the 2020 election draws closer. Recently, Global Atlantic Financial Group put out a survey asking people about their thoughts on the presidential election – and what it might mean for market volatility. Many retirement investors…
Read MoreHow Can Annuities Protect Your Retirement Money Against Market Losses?
Sometimes the stock market can go through a rough patch. The market takes a dive, and then the near-term outlook for stocks might not be that rosy. During those times, many people go on the hunt for ways to keep their money safe. For millions of Americans, one answer is fixed-type annuities. If you are…
Read MoreSurvey: Advisors Reserved About What Clients Might Face in 2020
As a new year rolls in, one survey suggests that advisors are optimistic but cautious about what might lie ahead for their clients in an uncertain economy. InvestmentNews has released the findings of another one of its comprehensive surveys of advisors each year. In November of 2019, the news outlet surveyed 353 advisors about their…
Read MoreHow the SECURE Act Could Change Your Retirement
It’s happened. After a nearly unanimous passage in the U.S. House of Representatives, the SECURE Act (Setting Up Every Community for Retirement Enhancement Act) has become law. The legislation was “attached” to a bipartisan spending bill with the goal of avoiding another government shutdown. The president signed the SECURE Act into law on December 20th,…
Read MoreHow Much Income Will You Really Need for Retirement?
Calculating how much income you will need for retirement isn’t necessarily an easy task. Your health expenses will probably increase, but your mortgage payments may decrease or stop. Meanwhile, other expenses might continue to change over time. Of course, you likely won’t have to deal with payroll taxes as much. Chances are you will also…
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